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Why Use a Broker?

Today, the use of a professional mortgage broker is one of the key strategies used by sophisticated borrowers. The SAFE Act, passed into legislation in 2008, has transformed the broker into a heavily regulated professional requiring for a mortgage broker to be licensed, have background checks and be educated. Further, the use of a mortgage broker is more cost effective than that of a banking institution. Cost can be derived in a number of manners: speed to closing, advice on rate locks, interest rate, credits, fees charged, professional guidance through the process and outright cost of the transaction in pure dollars.

As a mortgage broker, New England Residential Finance, LLC offers low rates and fees to all of our customers.

Brokers Handle the Details!

There are literally thousands of variables that can affect the outcome of your mortgage transaction. That's why you need a mortgage broker to act as a liaison between the title and escrow company, real estate agent, lender, credit agency, the underwriters, the processors, attorneys, and any other services which may affect your transaction.

New England Residential Finance, LLC also:

  • Discusses and explains financing program options
  • Informs you, in writing, of lock-in options
  • Explains all documents of the loan application
  • Explains all associated costs of the loan application
  • Explains the disbursement of all loan applications
  • Explains the loan process, from application to closing
  • Provides you with a an estimate of cost and fees
  • Communicates with you throughout the loan process in a timely manner
  • Coordinates the final closing of your transaction
New England Residential Finance, LLC NMLS #815059
415 Wolcott Road, Unit 4, Wolcott, CT  06716
Toll Free:  (855) 875-9801
Direct:  (203) 441-4716
Fax:  (203) 441-4806
Copyright © 2020 New England Residential Finance, LLC is a MORTGAGE BROKER ONLY NOT A MORTGAGE LENDER OR A MORTGAGE CORRESPONDENT LENDER (Sec. 36a-497)
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